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Since China's central government levied cryptocurrency mining as an obsolete industry, smaller provinces are beginning to follow the electricity price hike rule for crypto mining activities. According to the Chinese Journalist, Colin Wu, Hainan Province just announced the implementation of higher electricity price of US$0.13 (0.8 yuan) per kilowatt-hour for cryptocurrency mining operations in the The post China Crypto Ban: This Province Just...
The latest update in China's crypto ban saw the Chinese security firm, 360, launch a system that monitors cryptocurrency mining behavior. To facilitate implementation of the Chinese government's rectification measures to ban crypto mining, 360's latest tool known as the 'threat situation monitoring system', has developed a mining variant. The system supports large network asset The post This Chinese Security Company Launched Tool...
The exclusive update on the arrest of Xiao Yi, the former party member and vice chairman of the Jiangxi Provincial Committee of the Chinese People's Political Consultative Conference, took a completely different angle with raging speculations about the senior official allegedly being one of the core reasons for the ban on crypto mining by the The post Is this man the reason behind...
The State Power Company of China, Lanzhou, Gansu announced on its website, that the district will be organizing a task force to conduct inspections on Bitcoin, along with other cryptocurrency mining companies. This has come instead of the District’s efforts at implementing energy consumption control measures during their "14th Five-Year Plan". Crypto mining businesses to The post Chinese District to conduct Bitcoin (BTC)...
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